Workforce Payments Guide Algeria
Last updated: Sep 22, 2025
Papaya offers Virtual IBAN accounts (or “wallets”) to hold your funds segregated and safeguarded until payments are ready to be processed. Opening and managing corporate bank accounts can often be complex and time-consuming, requiring extensive checks and due diligence.
Papaya’s Virtual IBAN solution, built on the trusted infrastructure of JPMorgan, streamlines this process-making it faster, easier, and more cost-effective while ensuring your funds are secured.
Banking Requirements
To avoid transfer errors, ensure you have the correct Algerian bank account format:
| Field | Length/Type |
|---|---|
| Country Code | DZ (2 letters) |
| Check Digits | 2 digits |
| Bank Code | 3 digits |
| Branch Code | 3 digits |
| Account Number | 16 digits |
Check an IBAN
Type it in here and we will tell you if it is the right format.
Calculate an IBAN
Fill in the account details, and we will calculate the IBAN for you.
Payroll payment Frequency
At least once per month
KYC
- Individuals: must present national ID/passport, proof of address, and sometimes proof of income.
- Companies: must provide incorporation documents, tax ID, and beneficial ownership details.
- Record-keeping: minimum 5 years.
Banking Regulations
Strict capital controls: cross-border payments and foreign currency transactions are heavily regulated.
International Banks
| Bank Name | SWIFT / BIC Code |
|---|---|
| Arab Banking Corporation Algeria | ABCODZALXXX |
| BNP Paribas El Djazaïr | BNPADZALXXX |
| Société Générale Algérie | SGALDZALXXX |
Local Banks
| Bank Name | IBAN Bank Code |
|---|---|
| Arab Banking Corporation Algeria | ABCODZALXXX |
| BNP Paribas El Djazaïr | BNPADZALXXX |
| Société Générale Algérie | SGALDZALXXX |
Opening requires ID, proof of residence, and for businesses, trade registry certificate and tax number.
Foreign nationals typically face stricter checks and must often be resident to open personal accounts.
Payment Methods
- Bank transfers widely used domestically and internationally.
- Cards (Visa, MasterCard, CIB) available but less widespread than in Europe.
- BaridiMob (mobile payment app by Algeria Post) is a key digital option.
- E-wallets and mobile money exist but adoption is limited.
Cryptocurrency
- Prohibited: Law and Bank of Algeria ban use, holding, and trading of cryptocurrencies.
- Crypto is not legal tender and cannot be used for payments.
- Enforcement focuses on preventing financial crime and capital flight.
Questions & Answers